The Broncos have traded wide receiver Demaryius Thomas to the Texans in exchange for a fourth-round draft pick. Denver and Houston also exchanged 2019 seventh-round picks in the trade.

With the trade, the Broncos created up to $18 million in extra 2019 salary cap space. After the deal was announced, Denver general manager John Elway released the following statement:

Demaryius had an incredible run here and we can’t thank him enough for everything he’s meant to the Broncos. He developed into an elite player over the years, establishing himself as one NFL’s most productive, consistent and reliable wide receivers. D.T. was a big part of so many wins and memorable moments as a Bronco. Although it’s tough to end this chapter, we’re excited about the talent we have at the wide receiver position and wish Demaryius all the best with the Texans.

Joe Ellis, the team’s president and CEO, also released a statement:

Demaryius will always be part of the Denver Broncos family. He was a special player for this organization during a very special time for the Broncos and our fans. We’re proud of all Demaryius accomplished on the field while also very quietly doing some outstanding work in the community, representing the team with class and humility. We look forward to honoring D.T. one day as a Ring of Famer and appreciate his many contributions to the Broncos.